this market is insane because something can be obviously true the second you use a frontier model but prices take 6-12-18 months to reflect it.
8:00 AM · Jun 18, 2026 · 47K Views
Accenture stock drops 20% as consulting firm lowers revenue outlook and blames AI disruption
Story Overview
Accenture posted fiscal Q3 results with revenue at $18.7 billion, a touch below forecasts, while new bookings slipped 2 percent year over year; the company then cut its Q4 revenue range to $17.75–18.4 billion, citing AI-driven changes in client demand plus pauses tied to Middle East tensions, which triggered the steepest single-day share drop on record.
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Industry Shift
Clients Hit Pause on Projects
Uncertainty around global events and shifting priorities left some deals stalled, producing the first bookings decline in recent quarters and forcing a trimmed full-year growth target of 3–4 percent in local currency.
Open Question
Markets Still Pricing AI Effects
Investors reacted sharply to the outlook cut, yet the precise speed at which AI tools will displace or reshape traditional consulting work remains unclear from the current numbers alone.
Sentiment
Many users mocked Accenture's consulting business and stock drop, arguing AI exposes such firms as overpriced intermediaries whose model adds little real value and that the company failed to transform itself despite heavy investment.
Pos
8.3%
Neg
91.7%
19 comments with sentiment.
Cluster Engagement
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Gary Marcus@GaryMarcus
Accenture, $ACN, heavily involved in AI consulting, is down nearly 20% after AI fails to magically transform their business.
1hViews 10.5KLikes 160Bookmarks 14
Gary Marcus@GaryMarcus
Accenture ($ACN) last fall: Look at our massive $3 billion bet on AI which will transform our business!
Accenture today: quarterly revenue is down slightly
Reality beats magical thinking, yet again.
https://www.crn.com/news/ai/2025/accenture-s-3b-ai-bet-is-paying-off-inside-a-massive-transformation-fueled-by-advanced-ai
1hViews 3.2KLikes 57Bookmarks 6
Rohan Paul@rohanpaul_ai
Accenture’s selloff shows how fast investors are revaluing tech-services firms in the AI era.
Its shares fall to lowest since 2017 as AI threat mounts for consulting business.
Investors worry the technology could let clients bypass consultants or bring in fresh competition from AI start-ups.
Investors are massively repricing the whole professional-services sector as AI changes how software work gets scoped, staffed, and billed.
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wsj .com/business/accenture-takes-a-hit-on-worsening-outlook-and-cloudy-ai-future-73eb8bfb
2hViews 3.4KLikes 29Bookmarks 6
Gary Marcus@GaryMarcus
anyone giving me a hard time here might rewind eg to last fall and this kind of thing: https://www.crn.com/news/ai/2025/accenture-s-3b-ai-bet-is-paying-off-inside-a-massive-transformation-fueled-by-advanced-ai
Gary Marcus@GaryMarcus
Accenture, $ACN, heavily involved in AI consulting, is down nearly 20% after AI fails to magically transform their business.
1hViews 1.7KLikes 5Bookmarks 1
Sam Crowell Richard@SamCRichard
@WillManidis What else? What are we shorting this week
2hViews 104Bookmarks 1
cole benefield@floinkus
@WillManidis consulting (generally) has been resilient so accenture's shitty earnings was a mkt surprise their work products are more significantly displaced by the accessibility of tech compared to other firms, though, so makes enough sense
3hViews 648Likes 5
Otto Zampulu@zampulu92728
@WillManidis All Professional services and most software going all the way to zero
3hViews 580Likes 1
John Morris@SubwayTidbits
@GaryMarcus Actually, the decline seems to be attributed to fears that its clients will need fewer of its services as they implement AI. So it seems it’s more a market perception that AI actually *will* benefit companies.
1hViews 93Likes 2
DoctorDueDiligence@DueDoctor
@WillManidis Consulting was never consulting it was cover
If LLMs can provide that then they’re cooked
3hViews 540Likes 4
Gary Marcus@GaryMarcus
@SubwayTidbits it is, but also they have presumably used AI a ton and it didn’t help revenue.
1hViews 81Likes 2
Gray Merous@AshleyP101216
@GaryMarcus Details of my analysis $ACN 👇Next steps
1hViews 97
Nikunj Kothari@nikunj
@WillManidis Diffusion of the frontier takes time - even in the public markets
3hViews 265Likes 3
Daniele Paliotta@DanielePaliotta
@GaryMarcus I think this is the opposite of the own you think it is gary
1hViews 75
Sam Argow@OptioNerd1
@GaryMarcus Private Equity isn't helping either
1hViews 72
Gary Marcus@GaryMarcus
@DanielePaliotta see last reply
1hViews 70
Gary Marcus@GaryMarcus
$ACN is down nearly 20% after AI fails to magically transform their business.
1hViews 534Likes 2Bookmarks 0
NIK@ns123abc
Earnings report today btw https://www.bloomberg.com/news/articles/2026-06-18/accenture-s-outlook-disappoints-in-uncertain-consultancy-market
4hViews 388Likes 2
Gray Merous@SashaYarmak2
@GaryMarcus Details of my analysis $ACN 👇Next steps
1hViews 30
netrunner@netrunner_btc
@WillManidis directionally yeah, prices lag what you see in the model. the 6-12-18 months part is the made up number tho
3hViews 237Likes 1
Sahil Patel@sahildotcom
@WillManidis The companies that need consultants to teach them how to adopt AI have bigger problems at hand
And those companies might hire consultants to solve those bigger problems 😂
3hViews 236Likes 1
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